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MountOlympusFx
Apr 21, 2019 1:48 AM

BTCUSD SELL: Weekly, Daily & 4hr breakdown Short

Bitcoin / United States DollarCoinbase

Description




Bitcoin

+ Weekly: Last week candle closed as a long legged doji signalling indecision in the market at $5430. Expecting huge pull back from here.

+ Daily: After price rallied for a couple days momentum has begun to slow down and reject off $5430 with multiple wicks. Do expect a drop from here down into $5015.

+4hr: At $5430 price is forming multiple shooting star reversal candles signalling bearish momentum. Ascending trendline also broken swinging momentum from bullish to bearish. Will short from here down to $5015.

Trade active

Trade closed: stop reached

Comments
ICEKI
Thank you for the analysis bro =D
MountOlympusFx
@ICEKI, you're welcome bro!
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